DCS & Depositor Reporting Policy¶
| Code | REP-007 |
| Domain | Reporting & Disclosure |
| Owner | Chief Financial Officer |
| Status | Draft |
| Applicability | Platform |
| Jurisdiction | NZ |
| Business domain | BD02 |
| Review date | 2027-04-01 |
Regulations: DTA DCS Standard · RBNZ Prudential Returns¶
Purpose¶
Govern the platform's obligations under the New Zealand Depositor Compensation Scheme (DCS) and related RBNZ depositor reporting requirements. Defines the data quality, completeness, and timeliness standards required to support a prompt DCS payout in the event of a bank failure, and to meet ongoing RBNZ depositor reporting obligations.
Scope¶
All eligible deposit accounts held by NZ customers. Applies to retail and small business deposit products in scope of the DCS coverage threshold.
Policy statements¶
The platform SHALL maintain a Single Customer View (SCV) for every NZ depositor that aggregates all eligible deposit balances across products. The SCV file SHALL be producible within the timeframe specified by the RBNZ for DCS payout purposes.
Every deposit account record SHALL carry the data elements required by the DCS reporting specification, including: account holder legal name, verified identity information, account type, currency, current balance, accrued interest, and product eligibility flag. Incomplete records SHALL be flagged for remediation.
The platform SHALL produce a DCS SCV extract on demand and on the scheduled reporting cycle defined by the RBNZ. Extracts SHALL be validated for completeness, balance accuracy, and referential integrity before submission.
DCS eligibility calculations SHALL account for the netting of any qualifying offset arrangements where permitted by the scheme rules. Eligibility determinations SHALL be documented and auditable.
Where a depositor holds balances across multiple products, the aggregated eligible balance SHALL be calculated correctly against the per-depositor DCS cap. Accounts approaching or exceeding the cap SHALL be flagged in the SCV extract.
The platform SHALL reconcile the aggregate SCV eligible balance against the ledger deposit balance at each reporting cycle. Any material discrepancy SHALL be treated as a priority incident.
All DCS SCV extracts, reconciliation outcomes, and submission confirmations SHALL be retained for the period specified by the RBNZ.
Where a regulatory change affects DCS eligibility rules, coverage thresholds, SCV reporting requirements, or the DCS payout timeframe, the platform SHALL review and update the DCS configuration — including eligibility calculation logic, product eligibility flags, and SCV extract specifications — within the implementation timeframe specified by the RBNZ. Such changes SHALL be assessed under the regulatory change management process (REP-006) and tracked to completion.
Satisfying modules¶
| Module | Name | Mode | Description |
|---|---|---|---|
| MOD-125 | Joint account management | CALC |
Each joint account holder's proportional share of the account balance is calculated and available for the Single Depositor View (SDV) file required under the NZ Depositor Compensation Scheme (DTA 2023). |
| MOD-142 | Deposit guarantee scheme disclosure | CALC |
The customer's total protected deposit balance across all eligible accounts is calculated and displayed in-app, enabling the customer to understand how much of their deposits falls within the protection limit. |
Part of Reporting & Disclosure · Governance overview
Compiled 2026-05-22 from source/entities/policies/REP-007.yaml